| Save more money, STARTING TODAY! |
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If you are interested in learning
how to save money, you have come to the right place.
The information below provides details on several benefit
programs that can help you increase your take home pay.
Since most employees save at least
25% on each dollar that is set aside in these programs, the
savings can be significant, especially since you are going
to have these expenses whether or not you enroll in any of
the available plans. Be smart, start saving now!
These programs are employer-sponsored plans, and not all
employers offer each plan. However, if you have
questions on any of the plans listed below, please
Contact Us
for assistance. |
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Health
Care Flexible Spending Account
The Health Care Flexible Spending Account allows participants to set aside pre-tax dollars to pay for expenses such as co-pays, co-insurance, deductibles, most prescriptions, over-the-counter supplies (as long as they are treating a medical condition) and many other expenses.
Expenses for your tax dependents qualify for the program, even if they are not on your employer's insurance program.
Learn more about the Health Care Flexible Spending Account...
Estimate your
medical expenses...
Dependent
Care Flexible Spending Account
The Dependent Care Spending Account (DCAP) allows individuals to set aside pre-tax dollars to pay for out-of-pocket child care expenses for children under the age of 13. Additionally, if you have an older dependent that lives with you at least 8 hours each day and requires assistance with day-to-day living, you can claim these expenses through your dependent care spending account.
Please note that you cannot claim your dependent's medical expenses through your
Dependent Care Flexible Spending Account. You can claim these expenses through your
Health Care Flexible Spending Account.
Learn more about the Dependent Care Flexible Spending Account...
Health Reimbursement Arrangement
Health Reimbursement Arrangements (HRA) are employer-sponsored programs that help offset out-of-pocket health care costs. The HRA can be structured in a number of ways to help employees save money.
Learn more about the Health Reimbursement Arrangement...
Limited Purpose Flexible Spending Account
The Limited Purpose Flexible Spending Account works the same way a standard
Health Care Flexible Spending Account does: pre-tax, "use it or lose it" elections, and expenses must occur with in the plan year. The difference is that it limits what expenses are eligible for reimbursement. In a Limited Purpose Flexible Spending Account you can only submit claims for eligible vision and dental expenses. (Remember: Cosmetic procedures such as teeth bleaching are not eligible under any Flexible Spending Accounts.)
Learn more about the Limited Purpose Flexible Spending Account...